Udyam Registration

The Govt. of India has notified certain criteria for classifying enterprises as Micro, Small and Medium (MSME) w.e.f 1st July, 2020. In addition the notification also has specified the procedure for filing the memorandum – Udyam Registration.

• Quick and hassle free process that can be completed online anytime anywhere in 10 minutes
• Easy online registration process, without uploading any document or proof
• You only require your Aadhaar, PAN & your mobile phone (for OTP validation)
• Online up gradation of Old Udyog Aadhaar Memorandum by verifying PAN online

You will be eligible for a host of benefits as announced by the Government of India from time to time such as below. However, these benefits will be available only based on government/RBI schemes/announcements* :

• Avail electricity bill, octroi duty and tax concessions.
• Claim stamp duty and registration fees waiver & waiver of security deposit requirement for government tenders.
• Eligible for NSIC subsidy, eligible for IPS subsidy, tariff, tax, interest and capital subsidies, patent registration, bar code registration subsidy, industrial promotion subsidy (IPS) & CLCSS (credit linked capital subsidy scheme)
• Reimbursement on the payment made for obtaining the ISO certificate.
• Reservation of products for exclusive manufacturing by MSME and SSI.
• Avail exemption on Excise (EES), while applying for government tenders, under direct tax laws.
• Exemption of 1% interest rate on Overdraft. Enjoy 100% Collateral Free loans, easy mortgages and cheaper business loans (up to 1.5% lower)
• Preferential treatment to get licenses, certifications, approvals and registrations.
• Protection against delayed payments, against material/services supplied
• Special consideration for international trade fairs

For a new Udyam registration or for upgrading Old Udyog Aadhaar Memorandum: Click here

*Bank cannot be held responsible for passing on such concessions/benefits to the customer.